Aston Bay Intersects Additional Copper Mineralization at Storm Copper Project, Nunavut

9 May 2023

Another five Reverse Circulation (RC) drill holes completed at the 4100N Zone with all drill holes intersecting thick downhole intervals of copper sulfides, including:

  • 16.7m of strong visual copper sulfides from 42.7m in SR23-05
  • 15.2m of strong visual copper sulfides from 54.9m in SR23-06
  • 13.7m of strong visual copper sulfides from 48.8m in SR23-07
  • 13.7m of strong visual copper sulfides from 68.6m in SR23-08
  • 32m of strong visual copper sulfides from 56.4m in SR23-09
  • The 4100N drilling program is designed to support a maiden resource estimate where extensive near-surface copper mineralization has already been intersected across 1,000m of strike
  • The second batch of drill samples has been sent to the laboratory for analysis
  • RC drilling continues at Storm with a further 10-12 drill holes planned at the 4100N Zone to be followed by drilling at other high-grade copper targets
  • Moving Loop Electromagnetic (MLEM) survey close to completion at the 4100N Zone with new, strong conductors identified for drilling
  • Moving Loop Electromagnetics (MLEM) is set to commence at the underexplored Tempest Prospect which hosts a 250m-long copper gossan
  • Ground gravity survey – designed to identify drill targets at the deeper sedimentary copper system at Storm – has been completed with data being processed ahead of diamond drilling

Aston Bay Holdings Ltd. (TSXV: BAY) (OTCQB: ATBHF) ("Aston Bay" or the "Company”) reports an update on drilling and geophysical activities at the Storm Copper Project (“Storm” or the “Project”) on Somerset Island, Nunavut, Canada. This is the second drilling program for American West Metals Limited (“American West”), who are the project operator, since entering an option agreement with Aston Bay in March 2021.

The Reverse Circulation (RC) drilling program is continuing at the 4100N Zone, with a focus on defining a maiden copper resource for the near-surface copper mineralization within the Storm Project. The Moving Loop Electromagnetic (MLEM) survey will be completed shortly at the 4100N Zone, with several new conductors identified and being assessed for drilling. The MLEM survey will then commence at the Tempest Prospect, an underexplored copper prospect approximately 40km south of Storm. The ground gravity survey has been completed with final processing of data underway, with diamond drilling scheduled to test the deeper sedimentary-hosted copper system. 

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